Coca Cola HBC AG (CCH) Now Covered by Analysts at Jefferies Group

Research analysts at Jefferies Group assumed coverage on shares of Coca Cola HBC AG (LON:CCH) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a GBX 2,000 ($24.75) price target on the stock. Jefferies Group’s price target would indicate a potential upside of 9.35% from the company’s previous close.

A number of other research firms have also recently commented on CCH. Citigroup Inc. reiterated a “buy” rating on shares of Coca Cola HBC AG in a research note on Thursday, July 7th. Societe Generale lifted their target price on Coca Cola HBC AG from GBX 1,890 ($23.39) to GBX 2,000 ($24.75) and gave the stock a “buy” rating in a research note on Friday, August 12th. Numis Securities Ltd cut Coca Cola HBC AG to a “hold” rating and lifted their target price for the stock from GBX 1,542 ($19.08) to GBX 1,665 ($20.61) in a research note on Monday, August 15th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,600 ($19.80) target price on shares of Coca Cola HBC AG in a research note on Friday, August 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,500 ($18.56) target price on shares of Coca Cola HBC AG in a research note on Tuesday, July 5th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Coca Cola HBC AG presently has a consensus rating of “Hold” and a consensus price target of GBX 1,633 ($20.21).

Shares of Coca Cola HBC AG (LON:CCH) opened at 1875.00 on Tuesday. The firm’s market capitalization is GBX 6.84 billion. Coca Cola HBC AG has a 52 week low of GBX 1,250.00 and a 52 week high of GBX 1,889.00. The firm’s 50-day moving average is GBX 1,713.61 and its 200-day moving average is GBX 1,527.04.

In related news, insider Lois ,Dimitris bought 381 shares of Coca Cola HBC AG stock in a transaction on Thursday, August 18th. The stock was acquired at an average price of GBX 1,719 ($21.27) per share, with a total value of £6,549.39 ($8,105.68).

About Coca Cola HBC AG

Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.